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Instinct raises $1 billion at a $10 billion valuation

DealBook says the round came almost exactly a month after Instinct raised $250 million at a $2.5 billion valuation.

Patrick OShaughnessyPO
Steve HouSH
Invest Like the BestIL
7 Sources, 11d ago, first seen 11d ago

TLDR

A post describes Instinct as an AI agent startup and quotes DealBook reporting a $1 billion raise at a $10 billion valuation. DealBook says Benchmark Capital, Sequoia Capital and Coatue invested in the new round, which came almost exactly a month after a $250 million raise at a $2.5 billion valuation.

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116.3K

7 Sources, first seen 11d ago

563 likes14 comments310 saves29 reposts

Combined views

116.3K

7 Sources, first seen 11d ago

563 likes14 comments310 saves29 reposts

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7 Sources

tae kim@firstadopterAI agent startup raises mo money Dealbook: "Instinct has raised $1 billion at a $10 billion valuation. The fund-raising comes almost exactly one month after Instinct raised $250 million at a $2.5 billion valuation. Investing in the round announced today were Benchmark Capital, Sequoia Capital and Coatue."11d
Sheel Mohnot@pitdesiInstinct raised $1B at a $10B valuation, from Benchmark, Sequoia, Coatue They have 14 employees. Most of the new money will go toward compute, which CEO Noah spends 40% of his time acquiring. They are growing 10% a day, had $1B of transaction volume, 50% of which is travel11d
Steve Hou@stevehouAbsolutely wild. "Instinct raised $1B at a $10B valuation, from Benchmark, Sequoia, Coatue They have 14 employees. Most of the new money will go toward compute, which CEO Noah spends 40% of his time acquiring."11d
Minh Nhat Nguyen 🦭@menhguin@pitdesi >50% of which is travel @based16z this is 100% an existing travel aggregator, just need to figure out which one11d
Invest Like the Best@InvestLikeBestNoah Shinn is only 23. At 20, he and a fellow Northeastern undergrad wrote Reflexion, one of the early papers on AI agents that learn from their own mistakes. It hit 91% on HumanEval, beating GPT-4's 80%, and got into NeurIPS. His coauthor Shunyu Yao, then a Princeton PhD student, is now Tencent's chief AI scientist. He'd also done research in computational photochemistry and avionics. His papers now have 10,000+ citations. In 2023, he dropped out to join Sierra, Bret Taylor and Clay Bavor's agent company, as one of its first employees. He teamed up with Yao again there to build τ-bench, a benchmark for how well agents handle real customer tasks. He spent two and a half years at Sierra building AI agents for businesses. Now building Instinct, everyday intelligence for everyone, which just raised $1B at a $10B valuation.11d
Patrick OShaughnessy@patrick_oshagRT @InvestLikeBest: Noah Shinn is only 23. At 20, he and a fellow Northeastern undergrad wrote Reflexion, one of the early papers on AI ag…11d
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    InstinctCoatueSequoia Capital

    7 Sources

    tae kim@firstadopterAI agent startup raises mo money Dealbook: "Instinct has raised $1 billion at a $10 billion valuation. The fund-raising comes almost exactly one month after Instinct raised $250 million at a $2.5 billion valuation. Investing in the round announced today were Benchmark Capital, Sequoia Capital and Coatue."11d
    Sheel Mohnot@pitdesiInstinct raised $1B at a $10B valuation, from Benchmark, Sequoia, Coatue They have 14 employees. Most of the new money will go toward compute, which CEO Noah spends 40% of his time acquiring. They are growing 10% a day, had $1B of transaction volume, 50% of which is travel11d
    Steve Hou@stevehouAbsolutely wild. "Instinct raised $1B at a $10B valuation, from Benchmark, Sequoia, Coatue They have 14 employees. Most of the new money will go toward compute, which CEO Noah spends 40% of his time acquiring."11d
    Minh Nhat Nguyen 🦭@menhguin@pitdesi >50% of which is travel @based16z this is 100% an existing travel aggregator, just need to figure out which one11d
    Invest Like the Best@InvestLikeBestNoah Shinn is only 23. At 20, he and a fellow Northeastern undergrad wrote Reflexion, one of the early papers on AI agents that learn from their own mistakes. It hit 91% on HumanEval, beating GPT-4's 80%, and got into NeurIPS. His coauthor Shunyu Yao, then a Princeton PhD student, is now Tencent's chief AI scientist. He'd also done research in computational photochemistry and avionics. His papers now have 10,000+ citations. In 2023, he dropped out to join Sierra, Bret Taylor and Clay Bavor's agent company, as one of its first employees. He teamed up with Yao again there to build τ-bench, a benchmark for how well agents handle real customer tasks. He spent two and a half years at Sierra building AI agents for businesses. Now building Instinct, everyday intelligence for everyone, which just raised $1B at a $10B valuation.11d
    Patrick OShaughnessy@patrick_oshagRT @InvestLikeBest: Noah Shinn is only 23. At 20, he and a fellow Northeastern undergrad wrote Reflexion, one of the early papers on AI ag…11d
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